How to use pump.fun

Author

Ghost Guild Gazzette
June 06, 2024

Welcome to our first Post!

Pump.fun is a new platform that promises a fresh take on Solana meme coin trading while prioritizing safety and fairness. In this guide, we’ll walk you through how to use Pump.fun effectively and avoid potential scams.

How Pump.Fun Works

  1. Pick A Coin You Like

  • When you visit Pump.fun, you’ll see a variety of coins available. Take your time to browse through them and choose the one that catches your interest.

  • You can easily see each coin’s market cap to gauge its popularity and potential.

2. Buy The Coin On The Bonding Curve
Once you’ve selected a coin, you can purchase it directly on the bonding curve. This process is similar to buying any other cryptocurrency on the market.

  • For a safer and more convenient trading experience, consider using the Telegram Bot called Trojan on Solana. It allows you to set up buy and sell settings, slippage, and more for automated trading.

3. Sell At Any Time
Feel free to sell your coins whenever you want to lock in profits or cut losses. Pump.fun allows you to sell your holdings at any time.

4. Bonding Curve Reaches A Market Cap Of $69k

  • When the bonding curve of a coin reaches a market cap of $69k, $12k of liquidity is deposited to Raydium and burned.

5. The Coin Made It To Raydium

  • If a coin reaches Raydium, it can now be publicly traded by anyone with the contract address. This means you no longer need to buy or sell tokens exclusively on Pump.fun.

Tips To Find Good Coins

  • Look for coins where nobody owns more than 10% of the supply.

  • Check if the coin has an active presence on Twitter, a website, and Telegram.

  • Ensure that the developer is actively posting updates on Twitter.

  • Seek out coins with unique ideas and logos that aren’t AI-generated art.

You’re Now Ready To Use Pump.Fun!

Congratulations! You’re now equipped to trade meme coins on Pump.fun. Remember, these coins can be extremely risky, so proceed with caution.

If you found this guide helpful, don’t forget to share it with others.

Happy trading!